Tax Revenue Increases 9.25% in Guatemala

As of November tax revenues have increased $ 393 million over the same period in 2009.

Friday, December 17, 2010

In the first eleven months of the year tax collection totaled $ 4.247 million according to the Superintendence of Tax Administration.

"The tax which has generated more revenue to the Treasury in 2010 is the Income Tax (ISR) with $ 905 million" reports the article in Sigloxxi.com.



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Guatemala: Tax Revenues Grow

August 2011

In the first half of the year revenues generated by taxes increased by 18% compared to the same period in 2010.

Value added tax and income tax grew the most in the aforementioned period, by 18% and 34% respectively.

While overall growth was seen, decreases were observed in the amounts collected from taxes such as the tax on tobacco and the distribution of oil and its derivatives.

Guatemala: 20% Rise in Tax Collections

July 2011

In the first six months of the year the total raised was $2,778 million, 20% higher than the $2,316 million collected in the same period in 2010.

According to the Tax Authority, revenue from Value Added Tax (VAT) on imports registered an increase of 18.5%, while domestic VAT revenue increased 21.45%.

Tax Revenue Increases by 18% in Guatemala

May 2011

In the first quarter $1,925 million was raised , $295 million more than the $1,630 million for the same period in 2010.

According to information from the Superintendency of Tax Administration, in April alone the increase was 12% more than in April 2010.

"The increase in revenue is mostly seen in earnings in the Income Tax (ISR), which grew by 38 percent", explained an article in Elperiodico.com.gt

Guatemala: Increased Tax Collection

January 2011

During 2010 tax collections reached $ 4.344 million, 9.3% higher than 2010.

Rudy Villeda, superintendent stated that tax burden to GDP last year was 10.5%.

"That percentage was higher only by 0.1 percentage points to 10.4% in 2009, which was the lowest rate in the last decade," reported an article in ACAN – EFE and published in Prensa.com.

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